South African RB2 (5500 NAR) grade coal transactions at major Indian ports remained on a low key today due to mismatch between offers and bids, as per sources. A sharp rise in the API4 index continued to nudge traders at Gangavaram and Vizag ports to offer RB2 coal at INR 8,000/t, while bids from buyers were heard at INR 7,600/t-7,700/t. Old stocks were sold at INR 8,000/t, ex-Paradip.
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